I would also recommend free floating the barrel. On every bolt action rifle I've owned, those with walnut stocks that I've done this to, the accuracy has been much improved in most cases. Of course, I also had the actions bedded as well. This includes Winchesters, Remingtons, and Rugers. As noted, when free floating the barrel give it
enough space around the barrel to be sure the stock won't come in contact with the wood
again. You often see the example of a dollar bill slipped between the barrel and forend of the stock - I like to be able to take a matchbook cover, fold it over, and have enough
room for it to slide freely. Doing this, I've never had a problem.
One exception I have is my Rem.700 LSS Mtn. rifle as it has a laminated stock, and as is it shoots very well, and maintains its' zero from year to year.